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Hxlaw
Hxlaw
$RIVER River is having a pretty good recovery signal after a prolonged accumulation period around the 6.3–6.6 area. Currently, the price bounces strongly with green candles increasing more than 6%, and at the same time surpassing short-term MAs. Positive signal ● MA5 has cut up MA10 and MA20 → short-term reversal sign. ● The increase in volume shows that cash flow has begun. ● The price is breaking the short sideway area around 6.8–7.0. ● If it can be kept above 7.0, the possibility of continuing to pull up the old top test is quite high. Beautiful buying area ● Can buy around: 7.0 - 7.15 ● Or wait to retest the breakout area 6.9 to be safer. Resistance needs attention ● Short-term: 7.33 – 7.5 ● If the break is strong 7.5, the next goal: ● 8.0 ● 8.8 ● 10.0 Important support ● 6.8 is close support ● It is easy to return to a weak trend in 6.5. Strategy ● Prioritize short-term attack according to the breakout momentum. ● FOMO should not be done when the candle increases too strongly. ● Can divide capital: ● 50% around the current price ● 50% waiting for retest support. Risk management ● Stoploss: below 6.45 ● Short TP: ● TP1: 7.5 ● TP2: 8.0 ● TP3: 8.8 Currently, the chart is giving a signal of "short-term bottoming out", but the medium-term trend still needs more confirmation volume to switch to a strong uptrend.

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